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Technology / AI and automation

ITT INDUSTRIES TO BUY KAMAN SCIENCES CORP

ITT Industries Inc has agreed to acquire Kaman Sciences Corp, the IT services company whose customers include many government agencies, for $135m. ITT wants the Colorado Springs-based company to bolster up its own Defense and Electronics Division in anticipation of a rise in outsourcing contracts as the US military continues with its restructuring.

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CBR Staff Writer

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